Ford Motor Company (NYSE: F) today reported its fourth quarter and full-year 2020 U.S. sales results. Ford says Q4 total industry sales totaled approximately 4.3 million vehicles – a decline of 2.8 percent over a year ago. In Q4 Ford Motor sales dropped 9.8%, a disastrous result for management.
For the year Ford sales dropped -15.6%. Ford sales were hurt by lower F-150 inventories from the ongoing consequences of the Q2 coronavirus production stoppage, which resulted in an awful F-150 transition to a revised pickup. Super Duty sales maintained pace and were up 14.1% while F-150 sales were off, gulp, -32.7%, which will make for a grim Q4 2020 financial loss. At the moment Ford executives appear to be in the automotive industry equivalent of an FBI witness protection program – no more sales results press conferences.
Continue reading










Toyota Motor North America Reports December 2020 Sales Increase 22.9%. Yearly Sales Drop -11.3%
Click to Enlarge
Toyota Motor North America (TMNA) posted December 2020 sales of 249,601 vehicles, an increase of 20.4% on a volume basis and up 7.5% on a daily selling rate (DSR) basis compared to December 2019. For calendar year 2020, TMNA reported sales of 2,112,941 vehicles, a decrease of 11.3% on a volume and a decrease of 11.9% on a DSR basis.
Toyota division posted December sales of 211,378 vehicles, up 22.9% on a volume basis and up 9.7% on a DSR basis. For the year, Toyota reported sales of 1,837,900 vehicles, down 11.9% on a volume basis and down 12.4% on a DSR basis. Continue reading →